French politicians need to listen to bond markets – and keep them on side – or face a potentially catastrophic ‘Liz Truss scenario’, the CEO of a leading independent financial advisory and fintech has warned. The stark warning from Nigel Green of deVere Group comes as the political chaos in France is driving the gap between French … Read more
EURUSD is clinging to gains above the crucial support of 1.0800 on Tuesday as the Dollar remains under pressure due to firm market speculation that the Fed will start reducing interest rates in September. According to the CME FedWatch tool, traders see a 77% chance that interest rates will be lower than current levels in … Read more
Debate beat: New Rules Helped Trump “Staged by CNN in an audience-free soundstage in which even competing reporters were banned, the Biden-Trump debate had more ground rules than an Ultimate Fighting match,” grumbles Politico’s Jack Shafer. In advance of the debate, “many assumed that these new rules would hurt Trump” given that “he feeds off live … Read more
The EURUSD extended its recovery to 1.0740 in Tuesday’s European trading, with the major currency pair rising as growing optimism for the Fed to reduce interest rates twice this year has increased investors’ risk appetite. The US Dollar Index (DXY), which tracks the greenback’s value against six major currencies, has dropped to 105.40 as demand … Read more
France appears more divided than ever after the European election results, which saw Marine Le Pen’s National Rally secure the top spot, relegating Emmanuel Macron’s party to third place. This outcome forced the French president to call for early elections. The discontent with Macron is evident. Despite giving a vote of confidence to Marine Le … Read more
EURUSD slipped further into the low end on Friday, clipping into 1.0670 before recovering to the 1.0700 handle during the US market session. Political pressure is weighing down the Euro after a wide shift in European voter sentiment tilted towards right-of-centre political parties in European parliamentary elections recently, sparking a snap election in France. On … Read more
The EURUSD pair edged higher in early Asian trading on Tuesday and is currently in the 1.0765-1.0770 range, albeit lacking strong follow-through buying. Moreover, the fundamental backdrop and the technical setup warrant some caution before positioning for an extension of the previous day’s modest rebound from the 1.0735-1.0730 region, or a one-month low. The US … Read more
The EURJPY cross extended its decline near 168.85 during early European trading on Monday, with the Euro attracting some sellers amid the uncertainty over the political scenario in France. President Emmanuel Macron dissolved the French national assembly and announced a snap election after exit polls indicated that his Renaissance party would be defeated by the far-right … Read more
Investors are revising strategies to capitalise on the potential strengthening of the pound (GBP) in the wake of a Labour victory in the UK election on July 4 and increasing political uncertainty in Europe, according to the CEO of one of a leading independent financial advisory and fintech. A Bloomberg survey on Monday suggested that … Read more
Jordan Bardella is a rising star in the French far-right political scene, with supporters praising his looks, charm, and popularity on social media. Despite criticism for lacking substance and convictions, Bardella is poised to lead the National Rally party to success in the upcoming elections. This rise in popularity reflects a trend seen in other countries, where voters are turning to charismatic social media figures as a potential change from traditional politicians, even though their promises may not always be fulfilled.